This property looks like a bad Mid-Term investment with a projected -16.18% first-year return on $160k initial cash invested.
-16.18%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$2,890
Rent
-$2,158
Cashflow
Cash Flow
$2,890 income − $5,048 expenses = $2,158 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,762
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$5,048
Mortgage P&I
119%
$3,440
Property Taxes
9%
$262
Home Insurance
8%
$245
HOA
4%
$117
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318